Wales police are investigating a “stolen” $2.8 million (£2.1 million) Bitcoin The theft poses as a senior detective to win the victim’s confidence.
In a statement, North Wales police said the incident “emphasizes a disturbing new trend targeting long-term crypto holders using cold storage devices.”
At this stage, it is believed that the victim’s details may have been compromised in a data breaches, and that “highly targeted, sophisticated fraud” could occur.
The victim was called by a “senior British law enforcement officer” who alleged that personal information was found on the phone of someone who was recently arrested.
By logging in to cold storage devices using phishing links, we encouraged victims to “security of assets” using fear and emergency tactics.
They entered, believing they were following the police instructions. Seed Phrases On this “sophisticated but fake” website.
It takes a moment for the assets to be withdrawn, and the North Wales Police cybercrime team is currently trying to track the funds.
In a statement on Facebook, the unit emphasized that the detective would never call the public to discuss the code-holding and cold storage devices it describes as “a big red flag.”
Anyone contacted by someone who claims to be an officer is urged to hang up and call the police directly to see if the contact is genuine.
The post emphasized that legal businesses and law enforcement officials would never seek seed phrases.
Fraud tactics evolve
North Wales police said the incident shows that fraudsters are constantly evolving their tactics, and that even experienced investors must remain vigilant.
“They aren’t just targeting new investors. They’re tricking even the hardest-working holders into creating sophisticated social engineering schemes,” the Post concluded.
Cybercriminals around the world are using increasingly sophisticated tactics to target crypto holders. Earlier this month, the FBI advised the public to adopt a “zero trust model,” warning that fraudsters were spoofing law firms to target victims of previous code thefts.
Last year, British police were given high authority to seize codes from criminals, but they are not guaranteed to recover these funds.
Earlier this month, Lancashire Constabrary revealed that he was able to recover the stolen funds in December 2017 and converted them to Bitcoin by a burglar. The victims later became whole and the force received a $665,000 stairwell as criminal Bitcoin Holdings was increasing in value.
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